After many years of research, testing, and preparation, Faircoin is now one of the most resilient and ecological cryptocurrencies. Faircoin is not only fast and efficient but it is also secure. All coins have been transferred successfully to the new Blockchain. This means that old wallets will not work unless you upgrade to the new platform. Members can replace their old wallet using MacOS, Linux, Android, and Windows.
The replacement process is very simple. For instance, for the android wallet, all that you need to do is update the old version from the Google play store. On the other hand, for electrum, all that you need to do is install the new version and then restore from the seed. For the core wallet, you will be required to download the new version and upon completion, migration will be done automatically. If you are asking yourself why you should choose Faircoin, then today you are in the right place. In this article, we are going to give you the reasons that make Faircoin unique.
Why Choose Faircoin?
It Is Ecological
One thing that makes Faircoin unique is that fact that it is very ecological. When you start using this currency you can be sure that you will not have to worry about high power consumption as it is usually the case with other currencies. Faircoin has adopted a low power control consumption to facilitate fast and smooth transactions.
It Is Safe And Secure
Are you looking for a safe and secure currency that is reliable and efficient? If so, then Faircoin is exactly what you have been looking for. Faircoin is an innovative blockchain technology that is currently performing better than most Altcoins and Bitcoin. The fact that it uses less energy means that members are able to make faster transactions that are secure. Faircoin is the first currency to activate a cooperative blockchain.
Unlike other cyptocurrencies, Faircoin does not involve minting or mining systems. Instead, transaction blocks are generated by cooperatively validated nodes that are fast, secure, and efficient. These nodes cooperate to ensure that security of the network is well maintained.
It Is Fast
Faircoin facilitates currency transfers between continents, countries, users, and also between ordinary bank accounts at very low or in some instance no cost at all. The Faircoin ecosystem has integrated collective intelligence that users can use to share point of sale systems, exchange euros through ATMs, prepaid cards, pay for direct receipts, and other banking services that have for a long time been in the hands of the elites. Each transaction will be confirmed in less than three minutes.
It Is Ethical And Transparent
Faircoin is one of the few payment methods that support fair business values. Faircoin does not force their users to upgrade their software if minor changes needs to be made. It uses a distributed verification mechanism that does not require chain admins.
It Has A Strong Future
Some Blockchain parameters in Faircoin are adjustable. This means that changes can be made in the future to fit with the future need that the digital market’s demands. Faircoin has built a strong community because it has created a platform that has regular nodes meeting and daily online collaboration.
Faircoin Final Words
Faircoin is an open self-organized currency that is strong, efficient, and secure. It is a very strong currency that cannot be devalued and is very reliable to users both in commercial and personal transactions. Faircoin algorithms are based on proof of cooperation, which has contributed to fair distribution of wealth. There is no doubt that Faircoin is the greatest technological invention in digital currency, after the creation of Bitcoin.